How We Can Contribute 8.33% Of Full Basic In Eps? - XLS Download - CiteHR
Vivek-DSIL
Asst. Officer (personnel) In Dwarikesh Sugar

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Dear Sir,
I am working in a sugar industry. As per practice, our company contributed 8.33% of basic or Rs. 541/- which ever is lesser in Employee Pension Fund. But few days ago, I read the article of Mr. Prabhakar Sinha ji published in Times of India, which is handed over to me by some one. As per this, I done some exercise in excel and come to know that an employee can get more enough pension if 8.33% of basic goes to EPS.
In this regard, I searched on net and found a circular of Mr. Rajesh Bansal, Addl. Central P. F. Commissioner (Pension) issued to all RPFC of Regional Offices / Sub Regional Offices. In the circular, Mr. Bansal described in brief on the subject “Contribution on salary exceeding the statutory limit (Para 11(3)) of EPS-95.
Can anybody help me and clarify that how we can contribute 8.33% of basic in EPS in present scenario? It will be help me a lot if your good selves answer on my mail ID also.
Thanks & Regards
Vivek Kumar Singh
+919412326849
vksingh_
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Dear Sir,
In regard of above query, i am attaching article of Mr. Sinha, exercise in excel sheet and circular of Mr. Rajesh Bansal for reference please.
Hoping for your valuable comments on the above said issue as this will help a lot to all.
Thanks & Regards
Vivek

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File Type: jpg Pension.JPG (284.8 KB, 84 views)
Attached Files
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File Type: xls Pension_Calculation.xls (21.5 KB, 153 views)
File Type: pdf Circular.pdf (31.5 KB, 202 views)

Dear Sir,
Thanks for appreciation. But my query still pending. Concerned RPFC is not agree to do this. In this regard, i also enquired through RTI.
I request to all citehr member to share their valuable comments, so that we can approach to RPFC effectively.
Thanks & regards
Vivek
Dear Vivek, You can go to your RPFC and contacr PRO ( Public Relation officer) he/she explain clealy your query. other wise u can register Grivence cell in EPFO. Regards Satish
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